In this blog post, we will explain the different perks of data analytics and how it will help you create a solid foundation for your salon brand and make it run like a well-oiled machine 🚀
- Identify areas of improvement
The starting point for improving your salon brand is assessing the current situation. The best part is that data analytics reports don't only show you how to extract a clear and well-rounded view of where your salon stands but how to leverage your current resources for sky-high ROI and what work needs to be done to boost your potential for success.
Measurement is the first step that leads to control and eventually to improvement. If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it – H. James Harrington
- Manage inventory reporting
Inventory is a key part of any salon brand. However, it can significantly impact your brand if it's not managed correctly. Necessarily, it would be best if you utilized a salon management software to help you understand the following:
- How much stock is available currently
- Process an ordering workflow
- Skip ordering extra material if you won't be able to store them
- Learn what you'll need for your staff and clients
- Take seasonality and trends onto consideration
Zeal can generate a dedicated and customized salon software that will enable you to automate your inventory stocktake process and ensure real-time inventory control. This will shut out the chance of running out of stock and ensures that you won't overorder things you don't need, alongside increasing your customer retention by pampering them with rewards, points, discounts, and other cool stuff. ⚡
Related: What Is POS? And Why Is It So Important?
- Provide you with financial analytics
With data analytics, you can gain an in-depth view of key performance indicators (KPIs) in the form of dashboards and visualizations that will help the management team to make financially informed decisions.
Data analytics allows you to forecast future revenues, calculate profits and sales, scrutinize and grasp vital metrics, develop methods to optimize your status quo, perceive fraud in revenue turnover, and many more.
Final words
If you want to build a premium salon brand in the true sense, but you're still stuck on where to start or how to integrate the right data analytics into your brand, Zeal can take the burden off your shoulders! let's contact now to fuel your salon with the right software that will grow your salon by leaps and bounds.